M/W

UP’s 2020 capital program totaled $2.8 billion. One of the railroad's projects was the Dec. 29 installation of a new master retarder in Houston's Englewood Yard; work took close to eight hours (pictured).

UP’s ‘True Potential’ Shown in 4Q20 Results (Updated, Cowen)

Union Pacific (UP) reported Jan. 21 that it earned $1.38 billion, or $2.05 per diluted share, in fourth-quarter 2020—comparable to fourth-quarter 2019’s $1.4 billion, or $2.02 per diluted share. Excluding a previously announced $278 million pre-tax, non-cash impairment charge related to its Brazos yard investment, adjusted fourth-quarter 2020 income was $1.6 billion, or $2.36 per diluted share.

ARM Lands Long-Term ST Contract

Seattle’s Sound Transit has awarded a multi-year, $24 million contract for rail grinding, polishing and engineering inspection services to Advanced Rail Management Corp. (ARM). The contract includes corrugation measurement and track geometry, ultrasonic and eddy current testing as part of the inspection and quality assurance requirements.

Receiving CARSI grants are: Metrolink operator Southern California Regional Rail Authority ($14,771,250); Massachusetts Bay Transportation Authority ($1,000,000); New York State Department of Transportation, Metropolitan Transportation Authority and MTA Metro-North Railroad ($19,728,000); Southeastern Pennsylvania Transportation Authority ($3,335,000); and Washington state’s Sound Transit ($1,421,500).

USDOT Awards $40.26MM for Commuter Rail Grade Crossing Improvements

Five commuter rail agencies will receive a total of $40.26 million in grants for highway/rail grade crossing improvements from the Federal Highway Administration (FHWA), in coordination with the Federal Railroad Administration (FRA) and Federal Transit Administration (FTA). The awards are part of round one of the Commuter Authority Rail Safety Improvement (CARSI) Grants Program.